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and the fiscal cliff deal while making sure the rich pay more. jeff flock with union back protests at wal-mart stores and diana on the dirty little secret those unions are not changing wal-mart workers. first to rich and some in washington, d.c.. how unions trying to persuade democrats to avoid spending cuts? >> with a significant lobbying effort on capitol hill and a new advertising campaign targeted at democratic and republican lawmakers in pennsylvania, virginia and missouri. the basic message is don't touch entitlements in the fiscal cliff tops we're having on capitol hill. honesty and one of the union says elected officials from both parties need to listen to the will of the voters and focus on rebuilding the middle class and strengthening our economy by investing in jobs, not cu. as for the effectiveness of this campai one conservative says this type pressure from unio is nothing new. >> the fact that they are publicly sayinghat they have been privately saying helps the american people understand where obama's in trend and comes from but nothing has changed. >> the issue is in the
in the fiscal cliff tops we're having on capitol hill. honesty and one of the union says elected officials from both parties need to listen to the will of the voters and focus on rebuilding the middle class and strengthening our economy by investing in jobs, not cuts. as for the effectiveness of this campaign one conservative says this type of pressure from unions is nothing new. >> the fact that they are publicly saying what they have been privately saying helps the american people undetand where ama's in trend and comes from but nothing has changed. >> the issue i in the fiscal cliff discussion democrats appear willing to put entitlements and spending on the table. republicans saying they're willing to do tax revenue and that could be or would be the key to any agreement to avoid the fiscal cliff and get the country's books back in order. gerri: you will be covering this for a long time. thanks for that. this black frida wal-mart shoppers think protests, it is not a superstore workers on the picket line. jeff flock joins us with more. ff: a few of them but the majority were not wal-mart worke
's a boring pick. >> brenda: cavuto on business. >> david: ready to go fiscal cliff diving? apparently a lot of businesses and shoppers are already afraid of the fall. i'm charles payne in for neil cavuto. with the holiday shopping season underway a lot of consumers are saying no way. and more than half saying the uncertainty around the fiscal cliff will impact their spending and job creators are cutting back on spending and a bad deal for the economy? well, let's ask. ben stein, dagen mcdowell, charlie gasperino and gary k. want to start with you. bad deal for all of us? >> of course, look, business investment was already down last quarter over 1%, and the word uncertainty just pervades the air and its business, its consumer, how about philanthropic organizations don't no what kind of write-offs for charity and the worst the outcome is probably going to be more, and taxes are going to go up and of course there will be no spending cuts. >> and ben, it does sound ominous, even if you're not someone who reads the wall street journal, the fiscal cliff, fiscal cliff, it could be the-- i don't kn
and positioning over the fiscal cliff negotiations. >> would you subpoena a deal that does not include tax rate increases for the wealthy? is that something that's acceptable? >> no. pete: and a candid assessment of the stakes from one of the g.o.p.'s rising stars. >> the fiscal cliff is a creation of the political branch in washington, d.c. and an example of a dysfunctional process. that threatens our economy and millions of people across our economy. pete: is stalemate in washington stifling the economic recovery? joining us this thanksgiving week, peter baker of "the new york times." molly ball of "the atlantic." and jim tankersly of "national journal." >> award winning reporting and analysis. covering history as it happens. from our nationas capital, this is "washington week with gwen ifill." produced in association with "national journal." corporate funding for "washington week" is provided by -- >> we know why we're here. to chart a greener path in the air and in our factories. to find cleaner, more efficient ways to power flight. >> and harness our technology for new energy solutions. >>
focused on the fiscal cliff. >>> and black friday has come and gone and now the best barringians are 48 hours away, perhaps, on cyber monday. we'll have tips you need in order to try and save some cash this holiday season. "your money" starts right now. >>> for months i wornd you about the economic storm of the dangers of going over the so-called fiscal cliff. the one washington created. it seems with the noise of the campaign behind us, washington is listening which means that after several months of harping on the dangers that you face, i'm ready to make a big switch to telling you about the opportunities that lie ahead. i'm ali velshi and this is "your money." i will not drop this issue until it is settled. then we have the debt ceiling debate. but there is life after washington induced catastrophe. frankly, it looks like a pretty good life. if all goes according to plan, 2013 could be a big turn around year for the u.s. the start of a recovery that feels real. most of it will have very little to do with washington policy though your state and federal government will have to step in
with the fiscal cliff. i want to go to your call for a special prosecutor. on benghazi, but, going to the fiscal cliff, the speaker making it very clear, that he's going to approach the negotiation of the white house, on the cliff, positively with some sense at least of accommodation, potential accommodation, if his terms are met. that is positive stuff, don't you think? >> well, it is positive. but, there's a lot of pressure, right now, and, of course, pressure is what you can use to take care bonn and make diamonds. this is the time to be bold. this is not the time to be defensive and i'm glad the speaker has come forward with a proposal but, the thing is, we ought to be taking the president's words and sticking them back with him. he wants everybody to pay their fair share. let's do it. let's have capital gains, 15%. let's have income tax, 15%, gift taxes, 15%, let's make sure that warren buffett finally starts paying at least as much as his secretary, in the percentage, and, what has been proposed, here, by the president, will not have warren buffett paying the same as his secretary, in perc
and if they don't like hit the brickings. >> do you think it is for the economy over all. we are in a fiscal cliff and rough waters here and now this to deal with? >> i think it could be bad for the economy. they have the merchandise and this is not going to affect thanksgiving shopping season and christmas most likely. but look at history. 1948 we had five million workers on strike and it crippled the economy. the taft hartley act brought back the boom. that is it breaking of the unions and created the boom that eisenhower had. if these union heads go forward. this could hurt the economy. >> tracey, you made the point about the retailers, it could hurt the consumer spending as well the economy needs that right now. and economist looking to the holiday shopping season to get big numbers out. >> cheril, i am a last minute shopper and i disagree that they have everything in for the season. stuff comes in down to the wire in so many small businesses if you don't have what i am looking for when i generally get out there, i am not buying it that hurts the over all economy. and look. at the unions what
on thanksgiving day? we're going to get some new perspective. the fiscal cliff, might a new wrinkle make it even tougher for the two parties to make a deal? it is one of the big hits of the season, the new film about abraham lincoln, and coming up, a unique take from doris kearns goodwin who wrote the book. imagine if this were your neighbor. one holiday display is drawing a lot of attention. that is in our one-minute playback. wow. good morning, everyone. welcome to "weekends with alex witt." let's get to what's happening right now out there. we have some new numbers today. as retailers begin to calculate black friday sales and whether it paid off to open on thanksgiving. all that, plus today is small business saturday, and cyber monday, of course, happens in just two days. nbc's michelle franzen is in n manhattan. >> alex, we've gotten through the first wave, the black friday, include being the early start that began on thanksgiving evening. so how did everything turn out? well, retailers say so far, so good. they saw a wave of people coming through, a rush of shoppers going through those do
holmes. you'll be back with me later this hour. we're going to talk about the fiscal cliff and how one leading republican may be ready actually to break ranks with his party to get a deal done. so we'll see them just a little bit later. >>> small businesses struggling to recover after superstorm sandy. we'll introduce you to one business owner who is trying her best to stay afloat. [ male announcer ] introducing... a new way to save on your prescriptions. it's the aarp medicarerx saver plus plan from unitedhealthcare. with this plan, you can get copays as low as a dollar through a preferred network pharmacy like walgreens -- where you'll find 8,000 convenient locations. best of all, this plan has the lowest part d premium in the united states -- only $15 a month. open enrollment ends december 7th. so call today or visit your local walgreens. ♪ you can stay in and like something... ♪ [ car alarm deactivates ] ♪ ...or you can get out there with your family and actually like something. ♪ the lexus december to remember sales event is on, offering some of our best values of the year
phenomenon. and many will be mourning the larry mag man. and the taxing fiscal cliff. corvers are staying that republicaning are folding under pressure. steve forbes joins us. and the miracle on worthington street. and a massive explosion rocks a massachusetts. and all on america's news head quarters, don't go away. with verizon. hurry in this saturday and sunday for great deals. likehe lucid by lg, free. or the galaxy nexus by samsung, free. this weekend, get the best deals on the best devices on the best network. exclusively at verizon. >> welcome back. later today investigators are assessing the damage done to buildings near a strip club that exploded yesterday. a national gas explosion leveled the building. 18 people were injured there and first responders had evacuated the building when it exploded. listen up. there is a way law makers can avoid the fiscal cliff. the answer is going to require compromise and may include three tread words. some tax indreeses. if president obama want to go back to the clinton era. he needs to follow president obama's lead that included deregulation and
approaching so-called fiscal cliff, which the thanksgiving holiday over, the president and top lawmakers are focusing this coming week on negotiating a deal on those expiring tax cuts and spending reductions that will automatically kick in december 31st, at midnight. so will we see more face-to-face meetings and what do both sides need to do? let's talk with angela mcglowan, and mark hammond a former aid to john kerry and nice to see you both. i predict more face-to-face meetings and i think they'll get together, kind of like holiday dinners, you see a lot of people you might not choose to see, but you have to see them, right. >> you have to see them and you might not want to see them again for another year, but, he yes, rick, they have to come to the table again and again and again until we reach a deal. if we go off the fiscal cliff, it's predicted that we will get another recession, now they're saying if we go off the fiscal cliff it only impact certain americans with taxes increasing and it will affect our country and economy. and we need face-to-face meetings and i don't think that
. they are at the heart of the negotiations over the fiscal cliff. democrats want to raise them for the wealthy. republicans say no. >> now one leading republican may be breaking ranks. georgia senator saxby chambliss now says a no tax pledge signed by most republicans is standing in the way of getting a deal done. >> times have changed significantly. i care more about this country than i do about a 20-year-old pledge. i think we owe the debt and we've got figure out a way to pay it. >> specifically, chambliss was talking about grover norquist and his group americans for tax reform. they put out that no tax pledge. norquist talked about it on cnn's situation room". >> the commitment he made to the people of georgia was not to me. it was a written commitment to the people of georgia that he would go to washington to reduce government spending and reform government, not raise taxes. if he wants to change his mind and become a tax increaser, so we don't have to reform government, he needs to have that conversation with the people of georgia. >> there are 38 days left till we reach the fiscal cliff
: are you making contingency plans in case lawmakers and washington aren't able to avert the fiscal cliff? >> we need to respond to this fiscal cliff. i can't tell them how they should do it. that's their expertise but they have to figure out the details and we need to resolve this subject and give america confidence that our political leaders can work together and i honestly believe that that will happen. >> reporter: when you reported third quarter results earlier this month you said you didn't have enough clarity on the impact of superstorm sandy. do you have more clarity now? >> i do have clarity on sandy and frankly it's devastating. particularly on individuals. we had 200 of our stores closed for the first three days of the november period and then many more were closed after that because we didn't have power. we definitely were impacted in a major way at our company. >> reporter: for the current quarter you expect to fall short of wall street forecasts by at least five cents. are you still comfortable with those expectations? >> we try to guide honestly and if we're able to exceed
% under 18. >>> how about this? we're 38 days away from the dreaded fiscal cliff. congress is ready to get back to work but can they really strike a deal before the clock runs out? we're live at the white house. >>> and black friday. it is not the only holiday cashing in. cyber monday, we had details on how to find the early on-line deals. stay right here. >>> an emergency at the u.s. state department today, the fire trucks raced to the area at 11 a.m., the flash fire forced people to evacuate, and sent three people to the hospital, one in serious condition. the good news is, not many people were in the building over the holiday weekend. >>> and the deal to avoid the fiscal cliff, still out of reach. despite the congressional staffers working through the thanksgiving weekend. let's get athena jones in washington. athena, are they optimistic they can find common ground? >> reporter: well, they say they are, you know, with congress returning, and so far not much public evidence that there has been any real progress in the deal to avoid the fiscal cliff. folks here in washington hope there ca
with the fiscal cliff talking about a special prosecutor with benghazi of the speaker makes it clear he will approach and a sheet -- negotiation positively with some sense of accommodation if his terms are met. that is pretty positive? >> there is a lot of pressure right now. that is what you use to take part been and make diamonds. you need to be bold, not offensive. the speaker came away with the proposal but we should take the president's words he wants everybody to pay their fair share. let's have capital gains come income tax, make sure warren buffett pays at least as much as his secretary and what has proposed will not have warren buffett pay the same. have a flat tax. if you make more, you pay more. lou: president himself may have been talking to you or others about the possibility of reforming the entire tax code. >> this is a great time. >> don't forget to the last time the senate had a budget is when her read worked with speaker pelosi nobody complained they're not spending enough money. 2.5 trillion goes off $1 trillion of spending right there. lou: there are always to get th
. >> and talking about yoga pants tomorrow. >> brenda: forget the fiscal cliff. is the union clash with businesses a bigger threat to jobs? from protesting wal-mart on the busiest shoppings day of the year and targeting one frt busiest u.s. airports on one of the busiest travel days of the year. we'll see big labor's travel play, a blow to a chance for anyone's recovery. hi, everyone, i'm brenda buttner, this is bulls and bears, and here we go the bulls and bears, gary b smith, tobin smith, jonas max ferris along with jim la camp and steve murphy, welcome to everybody. jim, growing union clashes with job creators, growing concerns about jobs? >> absolutely. look, every time you make it harder for an employer to hire somebody they're going to hire less people. we're already seeing it in the jobs numbers. look, obamacare has already cost a tremendous amount of jobs and since the president was reelected and it became apparent that obamacare was coming back in, we've seen the layoffs accelerate and now the unions are trying to kick businesses at a time when businesses are hurting and at a time when th
, and to top it all off, it faces the fiscal cliff. many of you count on your income tax refunds to pay off this holiday debt. if we go over that cliff, taxes go up an average of 3,500 a household, that refund is going to be a lot smaller. you won't have that tax refund to pay for all the stuff you don't need right now. the encouraging news, you're not taking the warnings lightly. the national retail federation says about 2/3 of shoppers say the fiscal cliff will affect their holiday spending. that's good. you've gotten the message. and it looks like congress may be getting the message, too. a deal to avert the fiscal cliff is looking more likely. it is. but i've been disappointed by this congress before. millions of americans are counting on you, congress, to save their jobs and their financial futures. do it. we'll all be celebrating like scrooge on christmas morning.
to the new rules about to hit our already fragile economy and as fiscal cliff talks continue, big defense cuts are still on the table. so, should republicans embrace the sequester or make a deal to avoid it? welcome to the journal, editorial report. is the obamacare a sure thing or vast expansion of medicaid, heavily dependent on state implementation and a growing number of the governors are saying they won't do the federal government's bidding. wisconsin's scott walker is one of them and joins me now, governor, great to have you with us. >> paul, good to be with you. >> paul: when you wrote to the hhs secretary kathleen sebelius, you wouldn't set up a state exchange you wouldn't have the flexibility to make it work. why don't you elaborate on what you mean by lack of flexibility. >> each of the governors who run it, a state run, partnership or referring to the federal government. any folks that have a state run exchange they need to realize in the end there is no flexibility in terms of final outcome, there is no substantive difference between the three option, all of them lead to a fede
hands on your thanksgiving table and say a two-word phrase that starts with fiscal and ends with cliff. your uncle at thanksgiving will say we have to do something about that fiscal cliff and really we got to do something to fix our skyrocketing deficit. our national deficit that he will tell you has been going up and up and up like a rocket and spiraling out of control like a something going out of control and paul ryan is just so right and if congress and president obama do not do something to stop the skyrock edding deficit, to sop up the red ink, if they don't do it by new year's or sometimes whenever the emergency is supposed to happen, we will go flying off the fiscal cliff. and not like these guys who mean to do that, but more like cliffhanger cliff on "the price is right" for whom going over the edge is really a dire mistake. beware the fiscal cliff. you will hear this at the thanksgiving dinner table. when someone inevitably brings up the fiscal cliff and how our sky rocketing deficit is a huge danger to us, do not crawl under the table. do not give up on thanksgiving. help yo
that should be pursued in context of the fiscal cliff. the train is rolling and i think it's nice to see even some republicans now eventually realizing that taxes in particular tax fairness, does need to be a substantial part of this fiscal debate. >> but you just skated around my question, which is that if you're going to have real tax reform, almost every economist says the middle class is going to pay more, too. how are democrats going to handle that? >> i think the first thing you need to do is make sure the higher income households pay their share. comprehensive tax reform, where we can broaden the base and make sure we are both getting the revenue we need, but at the same time, the progressiveivity we need to make sure the middle class are still strong. the first step, the last decade, average family is not getting any type of raise when adjusted for inflation and you've seen the income of the highest income americans skyrocket. so the first thing we need to do is solve that problem, then we can have a broader conversation. >> everybody in the world will vote for a tax for the other guy
. by $6 trillion., that is his initial bargaining position on the fiscal cliff. he wants to do that over thethis next decade. it works out to 160 billion per year in taxes.o republicans are howling aboutup? it, but are they wrong to do so. let's take a look at some rlier numbers.ar earlier this year, the president unveiled a 3.8 -- i love this. we just talk about these numbers like there's nothing to it. them $3.8 trillion budget. he forecasted a $1.3 trillion deficit. th so that means, if i can figure this out, $2.5 trillion to work with. $1.3 trillion in deficit. $901 billion left for next year. our national deficit iss big pl $16 trillion. everybody knows that. the president's bignt plans, he just wants $1.6 trillion in new taxes.t here is how he wants to get there. first he wants to raise 849 billion. by allowing the bush tax cuts -y there they go. taking him away.f the very first of december of this year. incom incomes of more than $250,000, 849 billion includes 206 billion in higher taxes on dividends. $123 billion on limiting i'm itemized deductions.pital higher taxes on capital
. >>> number two, just 38 days left until we cross over that so-called fiscal cliff. a move that would trigger massive spending cuts to government programs and could even send the u.s. into a recession. earlier this morning i asked morgan stanley smith barney director ron hart if there were any benefits of actually going over. >> getting our fiscal house in order, either now or later, right? we can't spend money at this trajectory, 16 trillion in debt. 99 trillion nun funded liabilities with medicare and social security, so at some point you've either got to do it now or do it later. >> congress is back in session on monday and expectsed to work on a solution. >>> and in europe, european union leaders aend two dye days of divisive budget talks without a deal. they are caught for one plan to increase the budget and another to cut t.eu leaders should be able to reach a deal early next year. >>> number four, take a look at this. not sure what all the letters and numbers mean. neither do top british spy agencies. it's apparently some sort of world war ii code that was found on the skeleton of a ca
at the fiscal cliff, there's a lot of bad policy, particularly on the side of the bush tax cuts. particularly for those on the higher end that cost a lot of money, that don't provide a will the of benefit to the economy. when tackling the fiscal cliff, we should ask ourselves, which are the most ineffective things. >> keep thinking, guys, that down the line here, the chorus over and over is going to be we all pay more and all get less. thanks for being here. we appreciate it. >>> thousands of people paid a lot to do cramming into stores everywhere. you might even be watching this on a new tv, but retailers needed more than hype. they needed red hot cash registers on this black friday. we'll tell you how sales added up today because a lot of jobs are counting on it. in just a few weeks after mitt romney's defeat, the gop is already looking forward to 2016. say it ain't so and there's another bush on the horizon. plus, we're following news of a massive gas explosion in massachusetts. take a look. we'll have details just ahead. 1, there's big news. presenting androgel 1.62%. both are used to tre
the impact of those might be. >> the fiscal cliff you mean? >> well i'm doing a conference call tomorrow with nsca about the possible impact of equest ration. but whatever they look like, and if they occur, it would be good for us to understand what that impact might be on us, i think. that's another piece -- something that we're going to need, information we're going to need if we're going to -- before we start doing the budget development in my view, we need to understand these various things. thank you. >> commissioner -- >> i just wanted to announce that the mission education center is having their annual first thanksgiving on friday, and the chinese education center is having their first thanksgiving in america for their students next week on the 20th. >> commissionerh1ñ?ñ?ñ maufas. >> commissioner maufas: you continue to draw out the meeting because it's not yet close to 7:30. thank you. >> we're trying our best. item t, report ofç actions. closed session actions of october 30, 2012, board of education with a vote of 5 ayes, two absentees and -- in the case of the 9th commissio
it or not, the fiscal cliff. huge spending cuts and tax hikes, but president obama wants to raise taxes on rich americans. how about sitting with voters? instead of raising tax rates on the american people and accepting the damage it will do to our economy, let's start to actually solve the problem. now let's focus on tax reform that closes special interest loopholes and lowers tax rates. you know what? and it won't kill the country if we raises taxes on millionaires a little bit. it really won't. i don't think. i need to rethink the core of my portfolio. what i really need is sleep. introducing the ishares core, building blocks for the heart of your portfolio. find out why 9 out of 10 large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. ♪ >> welcome back, time for a quick check of the headlines, pope benedict xvi presiding over the ceremony today. to elevate six n
on the fiscal cliff and it's going to mean the left is not happy, and you guys have called him a socialist and all of this stuff, i'm telling you much more of a centrist than you think? >> obama? i think he's-- >> no, you're just so wrong about that. >> he's as far left, and he-- >> you talk about it. >> and he's worse than carter, i think he's fuelly fairly pragmatic and probably will be more so at least while this fiscal crisis is. >> the biggest adjustment the democrats will make is running against george bush, the exit polls they were blaming gb, and i can't believe he might troo try to do it again and mentioned it in the press conference. and sooner or later, they'll have to say judge us on the last eight years with obama. they don't care. >> they care. >> and he feels like he has a man tate and can do what he wants and it's all about revenge, and warm and fuzzy campaign? >> he won, you lost and-- >> i don't know, i still feel like a winner because i know what we do to fix this economy and his ideas don't work. >> and negotiate a pragmatic deal on the fiscal cliff put yourself in a ho
the debt debate, the fiscal cliff,, capital gains taxes. there's no compelling reason re buy here over the next two to three months. let some of this pass, use your assets in her places, raise cash, and then you're in a better positn to earn money once 2013 starts. melissa: the thing your ideas have in common is an idea of hunkering down, and sort of of having this investment over a long period of time. why wuldn't you hunker down within the target? give president obama credit thah whether it's because of the fed and easy money or whatever it's been, the stock market has donee well. would you buy some favorite stocks and plan on holding theme through the entire next four years? >> you know, i've always been an advocate of buying stocks that pay gh dividends, but taxes going from 15% up to 40%. that takes a huge wind out of te the sails for that argument so, you know, the timing is everything. timing was good to buy stocks at the beginning of obama, and now, not so much. housing is a great place to be because it's cheap. melissa: i have to say i felt better after hearing spencer's ideas
to the fiscal cliff deadline what charities say could happen to them. >> and a live look outside, 880 in oakland. highway patrol responding to a crash near the 980. >>> also a situation we have been following in marin, all lanes of 101 southbound back especially after a hit and run crash. orq . >>> good morning to you. welcome back on this saturday morning. sun, just glistening off the water. clear, calm conditions, little bit of patchy fog this morning. >> federal investigators looking in to the cause of a plane crash that killed a pilot in the sierra foothills. that plane went down about -- just after noon, about four miles from the community. the pilot was the only person on board and his name hasn't been released. >>> arson ruled out in a power plant fire. the fire at was put out yesterday earlier than first expected. it's less than firefighters first thought. the power plant supplies power to pumps used by major water delivery systems. >> forecasters predict more flooding throughout the united kingdom. places hardest hit include southwest england. one man if died when rushing w
it is a good chicken dinner. in "the wall street journal," one of two stories involving the fiscal cliff. the first one says -- that is one of the articles we want to look at. the other one comes from "the charlotte observer." this is the lead story. you can read more about that in the "the charlotte observer" and "the wall street journal." our next call comes from kenny on the line for democrats out of brooklyn, new york. caller: i know that the same companies that are used to create the electronic voting machines also create the atm machines. i was thinking that they could probably contract those companies and set up a federal standard for the local id's. they could vote at an atm machine. host: would it be over one week 's. of time? would you have early voting? caller: i would not think you would need it because there are so many machines nationwide. i think you could use them -- you would not necessarily need to be in your home district to do it, either. host: so you go to a local atm and slip in your card and get your $20 and make a vote? caller: there you go. i think there is one o
what happens with the fiscal cliff showdown. this is going to be a strong opportunity for him to go to bat for poor people. he is going to say, we are going to make sure we are caring for poor people. this isn't just a anybonebulous conversation for a family that includes donald trump. i think how this conversation turns out and how he fights for really the people in the very bottom is going to be telling about how he works on poverty moving forward. >> are we going to see that amazing coalition that came together in november begin to fracture or will it stay together in order to press the president towards the left? >> like aishia says, if you can get the upper echelon of america to pay their fair share, that would be a good start. a little bit more, you might have trouble with that. the fair share, you might have a good swinging shot at. in the first time, a lot of people might have thought the president had an attitude of not working across the aisle and he who cares the least has the most power. and shooing people away. >> it is the used car definition of bargaining. >> if you c
didn't talk about is the fiscal cliff if that comes that's more than $650 billion in tax increases combined with spending cuts that would send us back into a recession. many fear we would become europe in a matter of speaking. >> here is the interesting part, i think, pete dupont concludes that he says that this recent election proves that the country has become more liberal. that's how he interprets what happened in the most recent election. we would love to hear from you if that's your take away from it. he thinks we are headed in the path of europe and become more liberal. there are many other explanations we have heard since election night. maybe people just the incouple bent always holds an advantage. maybe people don't like change. who knows. but that's his theory is that the country has just become more liberal. >> let us know what you think. friends@foxnews.com email address or find us on twitter ff weekend. don't forget our great facebook page also. if you are a facebooker go there as well. here. >> here are your headlines. police are searching for a man accused of walking
-called fiscal cliff. and michael lyons of the german national security project talks about a possible review of the military drum strategy. live on "washington journal" at 7:00 a.m. eastern. >> what about if the soviet union, a christian of announces tomorrow, which i think he will that if we attack cuba that it is going to be nuclear war? >> this thing is such a serious thing that we are going to be uneasy, and we know what is happening now. something may make these people see reason, but i do not think this will. i want to keep my own people very alert. >> hang on tight. >> it is a fascinating moment. it is amazing that eisenhower tells him to have his people alert. everyone is just completely on edge, so of course they are alert. kennedy laughed, and he jocularly says to hang on tight, which is a nice moment that even on this terribly tense day, they are able to joke a little bit with each other, especially with this crisis. i think they had a sense of how lonely it is to occupy that office and how you are getting all kinds of advice, getting good advice, getting a lot of faulty advice, w
's working because she may be facing a spike in taxes in the new year. the so called fiscal cliff. about half of the small businesses pay taxes at a 35% rate. so without a tax deal, rates could spike to 42% n addition she is postponing orders for bring merchandise. >> we've had to small a bunch of stouf make sure it's going to be okay for next season. >> did that hurt you?. >> absolutely. bigger stores able to carry out the lines you know they get them earlier than we do. we follow them out so, long. >> small business owners worried whether they'll northbound business next year. this is one of them. >> you don't want to lose it all after 30 years in business. that would be a terrible thing. there is a lot of small business owners are single. >> small business owners feeling the squeeze of deep discounting by large national chains that set up shop on main streets once domain on small business. >> everyone talking about black friday and about 50, 60% of. you can't compete. >> i cannot do that. people want to stay away from malls. they don't want any part of it. that is what saved me. >> wlak fr
you. >>> to politics now and taxes. they are at the heart of the negotiations over the fiscal cliff. and now georgia senator saxby chambliss says a no tax pledge signed by most republicans is standing in the way of getting that deal done. >> times have changed significantly. and i care more about this country than i do about a 20-year-old pledge. i think we owe the debt and we've got to figure out a way to pay it. >> that pledge was written by grover norquist and his group americans for tax reform. norquist talked about this on cnn's "the situation room." >> the commitment he made to the people of georgia was not to me. it was a written commitment to the people of georgia that he would go to washington to reduce government spending and reform government, not raise taxes. if he wants to change his mind and become a tax increaser, so we don't have to reform government, he needs to have that conversation with the people of georgia. >> we've got 38 days before we go over that cliff. if there's no deal before the end of the year, taxes will go up for every american. >>> amid fears the ce
of automatic cuts in spending. necessity of resolving these issues is what ben bernanke refers to as a fiscal cliff. it is likely these critical decisions will be given brief extensions so that the next president and congress will be saddled with making the decisions. as a second term president, obama would face obstacles rarely experienced by achieved executive returning to office where he would face sizable numbers of members of the senate and house who will not compromise. these present ominous clouds on the horizon for a second term for obama. other lessons obama and the electorate can learn from the experience of presidential history might give guidance for the resolution of this concern. first, however, it would be helpful to review obama's background and customary evaluation of him. his opponents and some of his supporters asked does barack obama have the leadership skills, experience, cultural background and temperament to deserve a second term as president of the united states? his opponents say no to all of the above and add they consider him to have socialist tendencies including h
a way to avoid that so called fiscal cliff that could raise your taxes and throw the economy back into recession. kristen welker is in our washington bureau. good morning. >> reporter: president obama is also facing a number of challenges overseas, as you say, from the unrest in the middle east to the continuing fallout over the attack on the u.s. consulate in benghazi. but the fiscal cliff looms large. president obama returning from a post-thanksgiving round of golf, but off the links, the clock is ticking. lawmakers need to hammer out a deal to prevent the so called fiscal cliff. deep spending cuts and tax hikes set to take effect next year. >> i think we're all aware that we have some urgent business to do. >> reporter: after a meeting at the white house last week, congressional leaders struck a rare tone of bipartisanship. >> we had a very constructive meeting with the president. >> we feel very comfortable with each other. >> reporter: but a major sticking point remains -- taxes. president obama wants to let the bush era tax cuts expire for the wealthiest americans. many repu
and counting. will america go over the $7 trillion fiscal cliff? >>> online retailers are getting a head start this season, competing for your money as well. we'll look at how facebook is joining in on the holiday fun. >>> and the drug culture of the '60s and '70s is still impacting baby boomers. some are calling it the generation's hidden crisis. we'll explain. or that printing in color had to cost a fortune. nobody said an all-in-one had to be bulky. or that you had to print from your desk. at least, nobody said it to us. introducing the business smart inkjet all-in-one series from brother. easy to use. it's the ultimate combination of speed, small size, and low-cost printing. washington next week with just over a month to work out a deal to avoid falling over the so-called $7 trillion fiscal cliff. it would have a combination of t defense cuts, expiration of the pay roll tax holiday, and cuts in unemployment benefits. all those things are considered. joining us now is alex. it's good to see you. >> good to see you, fredricka. >> before we get to that fiscal cliff, let's talk about one of th
with the fiscal cliff. >> after several days allowed the students are going back to school today first would take a live look outside and it is breezy and outside we will be right back. >> in world news this morning tens of thousands of children are returning to school in the gaza strip today. a small sign of the messy after eight days of fighting between israel and hamas. as the cease-fire continues to hold in the middle east. israel carried out about 1500 air strikes against hamas link targets in gaza. authorities say more than a hundred and 50 palestinians were killed, including 33 children. >> in each of rising tensions between the government and protesters following president mohammed more reseed decreed they gives him sweeping powers. morrissey made the declaration and tar rear square he's giving himself temporary powers he says are needed to battle enemies of the nation. >> the bay bridge approach clean and it is a nice day. we will be right back. uz >> and just about perfect to do anything that you need to do outside. i hope that you can make it out to enjoy the sunshine. >> it will be be
and certainly the discussion about the fiscal cliff in washington, d.c. >> now, just so people are clear here, the federal government will assume 93% of the costs of medicaid expansion from 2014 to 2022, that share will decline slightly after that. but this is a pretty good deal in terms of the amount of people you can get covered for the amount of money that you as a state are going to have to pay. after the decision, there was a lot of debate about basically will republican governors be that craven to turn away the money for the sake of political posturing, and a lot of people said, no, way, obviously they're going to come in line. as a person who ran cms, if you're surprised by these decisions or more or less what you're expecting. >> i'm surprised. it did take six or seven years, i think, when medicaid was first passed for all the states to sign on and we may be in some process like that. but it just doesn't make sense to leave this money on the table. these patients don't go away. a state that chooses not to participate in the medicaid expansion still has to somehow meet the needs of tho
, but that doesn't mean a break in talks about the impending fiscal cliff. lobbyists are launching new tv print and radio ads. lawmakers are struggling to agree on a deficit cutting deal and now are facing added pressure from special interest groups. danielle lee has more from washington. >> reporter: congress may need to drown out the noise next week as they look more common ground to avoid $500 billion in tax increases. several unions launched an ad campaign, pressuring lawmakers to protect entitlement programs. >> for working families, it's not about cutting things we rely on most. >> reporter: advocates for the elderly, weaponsmakers, the oil and gas industry, even charity. >> congress has failed to do its job for the past ten years and they are so far continuing to fail to do their job. >> reporter: rick edleman worries the tug of war could end with no solution. a real possibility, as democrats reject spending cuts and republicans resist tax increases. >> if you're in congress, you can reduce taxes on january 2 relative to the new rates that prevail starting then. >> reporter: it's a dance
because she may face a spike in taxes in the new year. fiscal cliff. about half of all small businesses pay taxes at a 35 percent rate. but without a new tax deal the rate would spike to 42 percent. so in addition to not hiring help she is postponing orders for spring merchandise. >> we have had to pretty much stall a bunch of stuff to make sure that it is going to be okay for the next season. >>reporter: does that hurt you competitively. >> absolutely. i think the bigger stores able to carry out the spring lines they get them earlier than we do because we stall them out for so long. >>reporter: small business owners are worried whether they will even be in business next year. isabel is one of them. >> don't want to lose it after 30 years in business. be a terrell thing. we have to support ourselves. a lot of small business owners are single you necessity. maybe they don't have another helping them. >>reporter: small business owner feeling the squeeze of deep discounting by large national chains. some of the chains set up shop on the main streets of the bay area once the do
and let's hope that the fiscal cliff, we get that resolved and hope that prices start to, don't keep going up like they are. let's hope that the tax situation doesn't get out of control and hope all of the negative things that could happen don't happen, but if they do happen, you're right, arthel, get ready because january and february are going to be rough months out there. >> arthel: well, we hope it doesn't come to that. we want everyone to have a, you know, good income and et cetera. and by the way, as someone told me you have pretty deep pockets if you want to buy me a christmas gift, no problem. (laughter) >> i already did. that's what i've done all weekend. >> arthel: good answers, ed butowsk butowsky. >> rick: you let me know if he sends you something. >> arthel: i will. >> rick: and new concerns over a sweeping new power grab from the president of egypt. how should the u.s. react? a fair and balanced look is ahead. >> plus a look at the hottest toys on the market right now. there's some of them. find out what is sure to make you a big hit with the little ones this-- that's cute,
and prepare for success. i do think i can offer those insights. >> woodruff: when you talk about the fiscal cliff are the deadline is supposed to be january 1, but you've been out there talking about what can be done about that. among other things, you're saying taxes should go-- in other words, the bush tax cuts should be allowed to expire on everyone under $500,000. which is more than what the president is saying. he's saying it ought to be at 250. yet difference? and have you tukd him about that? >> sure, yeah, yeah, it was over 500, not under 500. yeah, i-- that position, judy, is one that i put on the table a year ago. and i'll tell you why. there isn't anything sort of theological about the $500,000 number. it's just a compromise. the democrats' position has been tax cuts to expire over 250. the republicans' position has been make all the tax cuts permanent. so a year ago i put a of a compromise on the table. if that compromise were accepted, it would raise $500 billion in revenue over the next 10 years, which would take the potential trillion-dollar sequester and cut it in half. and
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